BOSTON—A draft bill that requires crypto miners to follow know-your-customer rules and other anti-money laundering procedures has not yet been reintroduced by Massachusetts Democratic Sen. Elizabeth Warren and Kansas Republican Sen. Roger Marshall because the lawmakers are searching for additional co-sponsors, according to a new report.
Fresh Today
TUCSON, Ariz.–Just-released research reveals the long-held, traditional marketing funnel at credit unions needs to be “flipped,” that there is something that when combined with good rates really drives growth, and that the concept of “PFI” is officially obsolete.
TUCSON, Ariz.–Myths and assumptions around “debit-prefers” and “debit-defers,” what the psychology of member behavior means, and why some credit unions are really prospering, and other lessons from research just released by Co-op Solutions and EY were all shared during a panel discussion here.
TUCSON, Ariz.–An ambitious initiative around health care launched by Amazon and then abandoned offers some lessons for credit unions, according to one person who helped lead the effort.
TUCSON, Ariz.–The credit unions that will be the “winners of tomorrow” have something in common, and it isn’t asset size, according to a panel gathered here that also offered its thoughts on everything from soothing pain points to people with thin credit files to what “goes a long way” with members.
WASHINGTON–The average member relationship at credit unions has increased by $10,000 over the past decade, according to an analysis by Callahan & Associates.
MADISON, Wis.–CUNA Mutual Group is reporting strong financials for 2022, ending the year with $5.2 billion in total revenue and $343 million in net income. The results come ahead of a rebranding for the company scheduled for this month.
MEMPHIS, Tenn.–In remarks to Inclusiv’s annual conference here, NCUA Chairman Todd Harper noted he had been able to visit the city’s National Civil Rights Museum, and said the work being done by minority depository institutions and community development credit unions is a way to carry on the legacy of Dr. Martin Luther King.
WASHINGTON—NAFCU has sent a letter to the CFPB outlining concerns over recent notices from the Bureau to credit unions that some data in Home Mortgage Disclosure Act (HMDA) Loan/Application Registers (LARs) over the past three years may be invalid.
MADISON, Wis.– Nominations have opened for the 2024 Herb Wegner Awards from the National Credit Union Foundation.